Zwipe : and VeriTech partner to deliver next generation contactless payments in Kuwait

OSLO, NORWAY and KUWAIT CITY, KUWAIT - 03 December 2020 - Biometric fintech company Zwipe and VeriTech, the leading payment and banking technology solutions provider in Kuwait, have partnered to address the growing demand for biometric payment solutions in Kuwait and across the Middle East.

VeriTech is the market leading provider of EMV payment card personalization, self-service kiosks, POS and Mobile NFC and Host Card Emulation to banks in Kuwait. Its vision is to be acknowledged as the trusted banking and payment distributor of leading next generation payment solutions across EMEA, whilst exceeding its partners and stakeholders' expectations.

Speaking on the partnership Shakeel Khokhar, CEO of VeriTech, said "Kuwait has been a test bed and early adopter of innovative payment offerings for many years. Having seen firsthand other solutions in the market, we are excited to embrace Zwipe Pay ONE as our preferred biometric payment card product," adding "the urgency with which issuers are demanding more contact-free payment alternatives is really driving interest and investment in this area with some of the largest banks in the region who we count as customers."

Through this partnership, Zwipe will provide key components for the Zwipe Pay ONE biometric payments platform and take lead on providing advisory services (https://vimeo.com/374587819) directly to banks and card issuers focusing on user experience in close collaboration with VeriTech.

"This partnership is another big step forward for Zwipe in driving our continued expansion in the Middle East where we have a strong network of technology partners in place. Working closely with VeriTech, we will be harnessing both companies' unique technology, product and market assets, including VeriTech's close relationships with leading banks in Kuwait, to offer innovative biometric payment solutions" said André Løvestam, CEO of Zwipe.           

###

About VeriTech

VeriTech is specialized in providing tailored solutions to Financial market with more than 20 years of experience in secure payment systems. VeriTech always strives to have the best solutions catered to its customers with the help of strategic partners. VeriTech's solutions have always had "Security and advanced technology" as its primary moto. Headquartered in Kuwait and operation more than 20 customers locally with our office, partners and international distributors active in 32 countries. To explore more, visit www.veritechkw.com

For further information please contact: Mohammed Shakeel Khokhar, CEO, [phone] [e-mail]

About Zwipe

Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards components and wearables technology that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is "Making Convenience Safe & Secure" for banks, merchants and consumers. Zwipe's solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next great shift in payments from contactless to contact free. To learn more, visit www.zwipe.com

For further information please contact: André Løvestam, CEO, [phone]  [e-mail]

https://news.cision.com/zwipe-as/r/zwipe-and-veritech-partner-to-deliver-next-generation-contactless-payments-in-kuwait,c3248595

https://mb.cision.com/Main/18194/3248595/1343795.pdf

https://news.cision.com/zwipe-as/i/veritech-media-cover,c2857165

(c) 2020 Cision. All rights reserved., source Press Releases - English